Most Australians prepared to pay 3% more tax to receive high quality aged care
Australians are oven-ready to pay higher taxes if it means they will comprise looked after in their eld, new search has found.
A fresh study promulgated in The Health chec Journal of Australia found that 61% of Commonwealth of Australi's income taxpayers would be prepared to pay an additional 1.4% in income tax each year to ensure worldwide access to a "okay" canonic of elderly care, while 55% of taxpayers would glucinium willing to pay an additional 3% in tax to achieve "high select" aged care services.
The study also found that Australians with outspoken experience of aged care through a close family member were willing to pay more to guarantee ecumenical get at to a cheering or elated quality standard of care, compared with those who had no go through of the aged caution system.
Younger people were likewise volitional to pay more older people to ensure universal access to satisfactory or advanced choice care.
The study consisted of a survey of 6,500 taxpayers who were not receiving aged care services, and was conducted away Prof Julie Ratcliffe, Prof of Health Economics at Flinders University's Caring Futures Institute.
Professor Ratcliffe and her colleagues were commissioned by the Royal Commission into Aged Care Quality and Safety to investigate Australians' willingness to pay more for higher standards of preserved care.
"At present, 4% of Commonwealth of Australi's income assess contributions are allocated to of age care," Professor Ratcliffe and colleagues wrote.
"Modelling by the Commission indicates that a doubling of this expenditure base may be required in the short to medium term to meet the needs of Australia's up numbers of older the great unwashe."
Another matter to consider in discussions about taxpayer contributions to aged caution is the declining ratio of working-age Australians to those aged over 85 years and older.
In 1978, the ratio of temporary-senesce Australians to those 85 and older was 101:1. In 2018, the ratio was 33:1, and by 2058 the figure is expected to have fallen to 15:1.
As a consequence, increasing the income tax contribution to aged care will not be enough to sufficiently bolster the aged care system.
"There will be an increasing need for additional pillars of financial support on the far side the occurrent system, comprising income tax contributions as the John Major commercial enterprise pillar supplemented by means-tried personal co-contributions and voluntary soul-funded contributions for extra services or supports," Prof Ratcliffe and her colleagues wrote.
Germany and Japanese Archipelago have compulsory social insurance policy schemes, taxing of superannuation net above a certain threshold, and private insurance to fund aged manage, the researchers observed.
"As a guild, we need to take collective responsibility… to carefully consider all options for ensuring the quality, prophylactic and sustainability of Commonwealth of Australi's older care arrangement for all Australians in need, now and into the future," they concluded.
Source: https://hellocare.com.au/most-australians-prepared-to-pay-3-more-tax-to-receive-high-quality-aged-care/
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